Collins Stewart Sees No Meaningful Catalysts on the Horizon for Rovi

In a recent research report, Collins Stewart reiterated its Neutral rating and $40 PT on Rovi Corporation (NASDAQ: ROVI) as no meaningful catalysts for the stock have appeared near-term.

In the report, Collins Stewart said, “We continue to see TotalGuide CE & STB to ultimately be meaningful growth drivers for the company, but expect the ramp of those products to be 2H'12 loaded. We recommend the sidelines and await better visibility towards a more meaningful ramp of TotalGuide.”

Rovi closed Friday at $33.06.